Fairvoy Private Wealth LLC Purchases 5,909 Shares of Okta, Inc. $OKTA

Posted by Stanley Muller on Oct 19th, 2026

Fairvoy Private Wealth LLC acquired a new position in shares of Okta, Inc. (NASDAQ:OKTA – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,909 shares of the company’s stock, valued at approximately $1,236,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc boosted its holdings in Okta by 11.9% in the third quarter. Versant Capital Management Inc now owns 563 shares of the company’s stock valued at $118,000 after purchasing an additional 60 shares during the period. Washington Trust Advisors Inc. grew its stake in Okta by 64.2% during the 2nd quarter. Washington Trust Advisors Inc. now owns 197 shares of the company’s stock worth $27,000 after purchasing an additional 77 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Okta during the 3rd quarter worth about $26,000. CX Institutional increased its holdings in Okta by 5.1% during the 2nd quarter. CX Institutional now owns 2,633 shares of the company’s stock worth $359,000 after purchasing an additional 127 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Okta by 10.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,333 shares of the company’s stock worth $105,000 after purchasing an additional 129 shares during the period. 86.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brett Tighe sold 41,251 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $162.44, for a total transaction of $6,700,812.44. Following the completion of the sale, the chief financial officer owned 7,693 shares in the company, valued at $1,249,650.92. The trade was a 84.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Todd McKinnon sold 48,822 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $193.48, for a total value of $9,446,080.56. Following the completion of the transaction, the chief executive officer directly owned 44,029 shares of the company’s stock, valued at $8,518,730.92. This trade represents a 52.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 137,766 shares of company stock worth $23,927,112 over the last 90 days. 4.61% of the stock is owned by insiders.

Okta Trading Up 1.4%

NASDAQ:OKTA traded up $2.67 during trading hours on Monday, hitting $189.93. The company’s stock had a trading volume of 2,988,401 shares, compared to its average volume of 3,600,574. The stock has a market capitalization of $33.20 billion, a P/E ratio of 114.42, a price-to-earnings-growth ratio of 5.83 and a beta of 0.73. The stock has a fifty day moving average of $180.34 and a 200-day moving average of $134.39. Okta, Inc. has a 52-week low of $62.66 and a 52-week high of $235.00.

Okta (NASDAQ:OKTA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.09. The company had revenue of $805.00 million for the quarter, compared to analysts’ expectations of $793.00 million. Okta had a return on equity of 4.50% and a net margin of 9.63%. Okta’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm earned $0.91 earnings per share. Okta has set its FY 2027 guidance at 3.900-3.940 EPS and its Q3 2027 guidance at 0.920-0.940 EPS. On average, sell-side analysts forecast that Okta, Inc. will post 1.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on OKTA shares. Susquehanna increased their price target on Okta from $110.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. Morgan Stanley boosted their price objective on Okta from $200.00 to $245.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 29th. BMO Capital Markets upped their target price on shares of Okta from $230.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Jefferies Financial Group raised their target price on shares of Okta from $200.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Finally, Truist Financial raised their target price on shares of Okta from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Okta currently has an average rating of “Moderate Buy” and a consensus price target of $202.38.

Check Out Our Latest Analysis on Okta

About Okta

(Free Report)

Okta, Inc provides cloud-based identity and access management solutions for organizations worldwide. Its platform helps businesses securely connect employees, contractors, customers and partners with the applications, systems and services they need to use.

The company’s offerings include single sign-on, multifactor authentication, identity governance, lifecycle management, directory services and privileged access management. Okta also provides customer identity solutions through Auth0, its developer-focused identity platform, which supports authentication and authorization for applications and digital experiences.

Okta serves enterprises, government agencies, small and medium-sized businesses, developers and other organizations across North America, Europe, Asia-Pacific and additional international markets.